Lidar maker Luminar files for Chapter 11 bankruptcy and lines up $110M asset sale

Lidar maker Luminar Technologies Inc. today filed for Chapter 11 bankruptcy protection amid mounting debt pressures and slower-than-expected adoption of its autonomous vehicle technologies. The company cited legacy debt obligations and challenging market conditions as key factors behind the filing, emphasizing that the process is designed to maximize value rather than liquidate the business. According […]
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